Seth Wallace
Seth Wallace
360-556-3326
Associate Broker
Van Dorm Realty Inc.
Olympia Wa Real Estate
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  CD-Indexed (Certificate of Deposit) ARMs

The Certificate of Deposit index represents the weekly average of secondary market interest rates on six-month negotiable CDs. The initial interest rate and payments adjust every six months after an initial six-month period.

ARMs with this index typically come with a per-adjustment cap of 1 percent and a lifetime rate cap of 6 percent.

 

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